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McKinsey & Company Potential offer at McK, experienced hire (17 YOE) coming in as EM in their solution practice. I was told the TC base + bonus was 180K.. Likely offer $180K base, 15% bonus, asked for sign on bonus - don’t know a number yet.. is this standard within the range? What else can you negotiate and how much? Relocation expenses? Any inputs/advice to negotiate better appreciated.. McKinsey & Company
Hi, any thoughts on FIG?
Additional Posts in Consulting
Are the six sigma certs actually worth it to do?
Anyone in eyp restructuring willing to refer?
Deloitte question. I have always gotten a raise each year, the only question I ask is how much of a raise do I get. But I’m hearing from former Deloitte folks, it is naive to expect annual raises each year however small/big they are? And how does this play in Deloitte consulting vs advisory? Do one tend to withhold annual raises in base salary over the other, or is this just a deloitte culture thing? Looking at exit opportunities all over. So lmk! I’d Rather get a small raise than none at all.
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At least they got the good stuff. We got the call center contracts
In a national / global crisis you help where you can. Signing up for things you know nothing about because you’re “friends with a guy” or because it’s “cool” is way worse in my opinion
What a joke, Im very close with the people on these projects. I guarantee you they are some of the smartest and most compassionate people you'll ever meet. They are pulling all-nighters, working every weekend, and enduring horrible levels of stress and pressure because they believe in the importance of the work. Whatever, go ahead and roast me
Chief
I’ve led teams on COVID response - from finding hospital beds to working on supply chain for testing. The hours were brutal —100 hours a week- and we were responding to CEOs - both at my company and my clients’.
Believe me that every single thing we said and wrote was scrutinized and debated. And yet everyone single person who was on this project at my firm went above and beyond because they truly cared.
Did we solve it? No - but this isn’t a money making scheme. And if you think we didn’t improve things, you have a vendetta.
Pro
McKinsey ruining the country. But hey anyone from McKinsey wanna refer me?
I’m all for bashing on McKinsey but come on, this is a hit piece.
There are very clear examples in that piece outlining very real problems.
Oliver Wyman seems to be the only firm that is salty about this on this thread lol
Who?
McKancel
That’s how much it costs for “It’s Saturday” slides?
I prefer the one that just says “you are wrong”
McKrimes & Corruption!
Chief
Don’t hate the playa. Hate the game.
Yes, *I* realize that. Do all ProPublica readers realize that? No, which is why they wrote the article. And is it different when a private company decides to go with “a guy I know” than when the government does? Some might say yes — which is why there are so many procurement rules and no-bid contracts are so heavily scrutinized and questioned.
“Here’s what the consultants will be doing,” she wrote, forwarding one of Dua’s emails to the county lawyer reviewing McKinsey’s contract. “Apparently, it takes 5 people with staff support to do what I’ve been doing myself.” The $142,000 per week it would cost was more than the combined annual salaries of the two staffers who had been helping Moon prepare the reopening plan — very ably, she noted in an email.
What you’re saying is fair - however, as she is an elected official, it’s harder to know whether her statements are more or less politically motivated - eg, the entirety of Miami-Dade’s response is what she positioning herself away from and McK is a scapegoat
The article implies McK is this all-controlling juggernaut... it is a mid-sized company with $10B in rev lol
Rising Star
Did you guys fail this dude during the case interview, or something?! He writes a lot of negative articles about McKinsey🤔. Almost feels like he has an ax to grind..
It’s almost like McKinsey made some high profile screw ups and his editor thought there might be more out there (fair assumption) and assigned him to cover the firm.
Say what you want, but at the end of the day they’re still the ones who won the work🤷
If you read the article, they didn’t win it.
Accenture (and Deloitte as well, because we're competing with them for the same work) is also making a pretty penny off COVID-19 work, and it makes me nauseous a lot of the time. Instead of putting the money into the government agencies that have spent decades building up expertise (see "the CDC"), or spending on direct social services and support, we're throwing millions and millions at consulting firms, all of us who are primarily worried how to make the jump from $200K to $250K a year. You know who's pulling longer hours and more stressed than any of us consultants on here? The departments of public health and departments of labor. If we actually invested in our public infrastructure and society as a whole we wouldn't have a completely unequal system that values the expertise of private firms who have no expertise in public health over people who have dedicated their lives to helping others. And don't tell me "oh, the firms have doctors/epidemiologists/etc" too - they're few and far between, trotted out for sales purposes, who left their fields a long time ago for the $$ of business.
I’m sure you can appreciate that there different pools of money within govt budgets
During a crisis - it’s easier to outsource non-routine work than than for an agency to expand their footprint with permanent hires
And you’re right - in a perfect world, we would have invested in infrastructure with capacity to absorb the demand at hand...
McKinsey's analysis be looking like 📈📉
Seriously, can I please at least get an interview already?